Here's Why Allegheny Technologies Incorporated Gained 13.3% in August
Shares of specialty materials manufacturer Allegheny Technologies Incorporated (NYSE: ATI) continued the rally that began in mid-May by surging over 13% last month. Fresh off promising second-quarter 2017 results announced in the final week of July, the stock found another catalyst in the form of a bullish analyst.
Chris Olin at Longbow raised his 2018 earnings-per-share estimate slightly and reiterated a buy rating and $24-per-share price target for Allegheny Technologies. That represented a nearly 29% premium to the closing price on Aug. 21, the day of the analyst's note to investors, which sent shares markedly higher the following day. What supports the analyst's optimism?
Image source: Getty Images.
Source: Fool.com
General Electric Co. Aktie
Die General Electric Co. Aktie steht ausgezeichnet da: Nur Buy-Einschätzungen und keine Sell-Einschätzungen.
Das Kursziel von 167 € für General Electric Co. weist auf ein leicht positives Potenzial gegenüber dem aktuellen Kurs von 152.0 € hin.